1 min read

Offering financial advise is a lose-lose situation

Never offer financial advise to anyone, especially your friends and family. If it goes well now, it will eventually go bad. Stop it.

Now I understand why.

When it makes money, they'll want more and they think you made more money than them. Then there's also a potential for jealousy.

Later on, they'll expect you to pay for stuff because you've "made it" and you're so rich from the gains...

Or you lose money, they might not talk to you again. There will always be this elephant in the room whenever you meet.

It's like whenever an NFT project launches a meme coin, and the coin's value would eventually go down.. Now you associate that project to the value of the coin they launched, and the NFT.

It's like running on leverage.. with your reputation as your mortgage. When the value goes down, you lose your reputation.

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